Chinese companies are dominating the global market for initial public offerings, as listings in the West continue to drag in 2023. So far this year, new Chinese flotations have raised almost five times as much money as those in the United States. For China’s policymakers, that’s good news. Beijing has sought to encourage private companies — particularly those in strategic sectors — to pursue IPOs at home, while at the same time making it harder for them to list abroad. Data on listings since the start of 2022 suggest that that plan may be working. This week, The Wire looks at IPOs in China: how much money is being raised, which are the largest companies going public, and how the country’s competitors are faring. LISTING LISTINGS Data: Dealogic Both the number and total volume of Chinese public listings in the first four months of the year has outpaced those in the U.S. So far this year, Chinese companies have raised close to $20 billion on mainlan